Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Put trade opportunity for NORDIC AMERICAN TANKERS (NAT) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NAT was recently trading at $2.74 and has an implied volatility of 175.19% for this period. Based on an analysis of the options available for NAT expiring on 16-Jul-2021, there is a 34.19% likelihood that the underlying will close within the analyzed range of $2.62-$2.74 at expiration. In this scenario, the average linear return for the trade would be 27.92%. 52 week low: NORDIC AMERICAN TANKERS recently reached a new 52-week low at $2.74. NAT had traded in the range $2.75-$4.78 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if NAT maintains its current direction and does not revert back to pricing on the bullish side of $2.74 on 16-Jul-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bearish strategy, the trade would be profitable if NORDIC AMERICAN TANKERS closes at or below $2.75 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 53.12% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.